Introduction to UAE

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Introduction

The Trucial States of the Persian Gulf coast granted the UK 19control of their defense and foreign affairs in th century

. 1971, - , ' ,treaties In six of these states Abu Zaby Ajman Al , , , -Fujayrah Ash Shariqah Dubayy and Umm al Qaywayn

( ).merged to form the United Arab Emirates UAE They were 1972 ' . ' joined in by Ra s al Khaymah The UAE s per capita GDP

.is on par with those of leading West European nations Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs

.of the region

Demographics

UAE has one of the most diverse populations in the Middle . 19East % , 23of the population is Emirati and % is other Arabs

. 85and Iranians An estimated percent of the population is - , 'comprised of non citizens one of the world s highest

- . ,percentages of foreign born in any nation In addition since -1980 ,the mid s people from all across South Asia have settled

.in the UAE The high living standards and economic opportunities in the UAE are better than almost anywhere .else in the Middle East and South Asia This makes the nation

, , ,an attractive destination for Indians Filipinos Pakistanis and . 2006,Bangladeshis along with a few thousand Sri Lankan In

2.15 .there were approximately million Indian nationals

AE at a glance

- 83,600AREA square kilometers

- 5.8 ( )Population million estimated

- 9.4% ( )Growth Rate GDP

- ( ;Political Structure Federation of seven emirates Abu Dhabi ; ; ; ; - ; ’ -Dubai Al Ain Sharjah Ajman Umm al Qaiwain Ra s al

)Khaimah

-Religion Islam

-Language Arabic

- 89 %Literacy

- 78 ( )Life Expectancy years at birth

- 74,900 ( 2000 )GDP per Capita AED at constant prices against PPP

- 19%; 23%;Ethnic groups Emirati other Arab and Iranian South 50%; (Asian other expatriates includes Westerners and East

) 8% ( : 20% .)Asians note less than are UAE citizens - & , , , ,Economy Oil gas manufacturing wholesale retail trade

, , ,construction and real estate tourism IT agriculture and .fisheries The country is a major oil exporter and the UAE is

one of the richest countries in the world with a GDP per $16,500capita income of

- 3.65 $1Exchange Rate Dh per US



-ast Glimpses

3000 .Around BC it was a international trading centre

7 .Islam was introduced in th century AD

The first European intruders into the region were the 16 ,Portuguese in the th century followed in the succeeding

century by the British ast India Company.

1820By after British naval attack the rulers of the region .renounced piracy

ritish India 1873,administered the region from and after 1893 reat Britain ,controlled its foreign policy without

;assuming full sovereignty the sheikhs maintained authority . 1952within their territories In the seven emirates convened a

. Trucial Council to coordinate policy

’ 1970,Following Britain s withdrawal from the region in six of the seven federated as the independent United Arab Emirates

2, 1971,on December Ras al Khaimah joined the UAE on 11, 1972.February

During the -ran Iraq War 1980 ,of the s the UAE tried to ,mediate between the two combatants and later supported

.international minesweeping operations in the Gulf An 1987attempted coup in Sharjah in June was defeated through

.the intervention of the Supreme Council of Rulers The United - , 28-Arab Emirates was part of the United Nations led nation

alliance that defeated Iraq in the ulf War 1991.in

ecent Developments

• 1991In July the UAE was involved in the collapse of the Bank ( ),of Credit and Commerce International BCCI in which the Abu

77 ;Dhabi ruling house had held a per cent interest Abu Dhabi agreed to contribute roughly half of the compensation fund

.for BCCI depositors

• ’A wider application of shari ah law was ordered in February 1994, .to include crimes previously tried by civil courts A

1995,defense agreement was signed with France in January

“ ”which provided for consultation in the event of the UAE .being subject to threats or aggression

•

1990 The first major Cabinet reshuffle since took place in 1997,March following the resignation of the government ,submitted by the prime minister Sheikh Maktoum bin Rashid

- , .al Maktoum who formed a new Cabinet-- , The United Arab Emirates reached an agreement with Oman in

2000, -March over a disputed section of their border between al-Quidat and Umm al Zumol

- ( )AE Infrastructure Snap Shot



: 20,000 56,500Agriculture farms with a total of hectares of (2006).cultivated land

:3.16 (2005).Oil Production million barrels per day

: 1, 525 (2005).Factories

: 47 349 (1994).Number of banks with branches

: 42 (1991); 82%Desalination Plants of water comes from

.desalination

: 5,254 (2005).Paved Highways km

: 15.Commercial Seaports

: 8. : ,Free Zones These are Jebel Ali Sharjah Airport , , , , ,International Hamriyah Fujairah Saadyat Ajman Ras Al

, .Khaimah and Dubai Airport International

: 6.International Airports

: 69 (2005).Post Offices

24( )the number of national banks reached twenty four with a

352 37 .total of branches and pay offices The number of , , 32 ( )foreign banks meanwhile reached banks thirty two with a 129 , .total of branches including one pay office

,Among the Emirates Abu Dhabi accounts for more than half ' , 40% ,of the country s total GDP close to of the population and

90% .over of crude oil and gas production Dubai is the second ,largest emirate in terms of economic size and contributes

' .one quarter of the country s total GDP

AE Expat population

Nationality (%)umber

Indian 50%

( )ationals UAE 18%

ther GCC 22%

Filipino 8%

( ,thers Russian Chinese .)tc

2%

resent Economic Performance



Increase in GDP

Increase in Inflation

Development of Infrastructure

-E governance

Corporate Governance

Increase in profits and revenues of real estate sector ( ; ; .)New taxes or duties levied parking house tax Salik etc

Increase in Foreign Banks

-Introduction of Free zones

Introduction of property ownership

-Increase in free hold properties

Technological Revolution

Contribution of oil income in trade has decreased

- .Increase in Manufacturing Agricultural products

99 99 .year visa for years lease to nationals of other countries

Increase in foreign investment

( ,Increase in expatriates from other countries Russians

)Europeans and Australians

unemployment among UAE nationals has become a political 2.7%.issue as it has increased slightly to

Tourism is on rise

Retailing and franchising as an industry are growing

( )Imports for Exports are on a rise extriport

Increase in number of food processing units

'one of the world s highest per capita incomes

' ( ) The UAE s external debt owed by the private sector only is 12.5% ( $16currently of GDP US ), 25%billion down from over in

2000-01. ( ) 8.5% .Government domestic debt is about of GDP



Chart I.1Real GDP a

Thousand peopleCONCLUSION

( The UAE has grown from a small fishing and pearling nation before 1962), -its first export of oil in into one of the strongest and fastest

.growing economies in the world The tremendous industrialization 1980 -effort undertaken since took place first in energy intensive

, ' ,industries on the basis of the UAE s comparative advantage and - ,subsequently in high technology industries such as office and

.consumer electronics or medical equipment The country was also the first in the region to strategically develop both airport and

1960 ,seaport facilities in the s and since then has continuously recorded strong expansion in transport services to become the

' . ,region s main transport hub In addition important public ,investment has been made to develop tourism including sports

, ,facilities leisure parks and canters for international conferences ; 2016and events Dubai has made a bid to host the Olympic

.games

Documents

Introduction to UAE